Flex Space with Overhead
For Sale
$165,000
2056 N 4th Street, Terre Haute, IN 47804
C5-zoned property combines two office areas with a half bath and elevated storage above the offices.
Property Size2,000 SF
Price / SF$82.50
Days on Market199
Property Features for 2056 N 4th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
C5
Building Details
Building Size
2,000 SF
Year Built
2020
Listing Agency:
F.C. Tucker Advantage, REALTOR
(765) 653-8702
Listed By:
Christopher Skillern
(765) 720-5111
Source:
Battsrealestategroup
Added: Apr 9
Changed: Oct 22
Last Checked: Oct 23 at 11:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Advantage, REALTOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot flex property, built in 2020, includes two front office areas and a half bath. Storage space sits above the offices, while two large overhead doors and tall interior walls support storage and equipment use.
The property is located at 2056 N 4th Street in Terre Haute, Indiana, and is zoned C5.
The property is located at 2056 N 4th Street in Terre Haute, Indiana, and is zoned C5.
Key Highlights
- 2,000 square feet; built in 2020
- Two large overhead doors and tall interior walls
- Two front office areas and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,900
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,000
$278.0K
Cap Rate 7%
$198,571
$198.6K
Cap Rate 9%
$154,444
$154.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$24.0K $12.00/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$21.4K $10.69/SF
− OpEx
−$7.5K −$3.74/SF
NOI
$13.9K $6.95/SF
Area
Vigo County, IN
Vacancy
10.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,000
Cap Rate 7%
$198,571
Cap Rate 9%
$154,444
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $101,061 @ 7.0% cap · market cap 61.25%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,227 @ 7.0% cap · market cap 50.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47804, IN
10,093
Population
5,118
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
1,529
Density / Sq Mi
$38,036
Median Household Income
$31,842
Median Earnings
$904
Median Rent
$87,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - C5-zoned property combines two office areas with a half bath and elevated storage above the offices.
Where is this flex space located?
The property is located at 2056 N 4th Street Terre Haute, IN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 2,000 square feet; built in 2020; Two large overhead doors and tall interior walls; Two front office areas and a half bath
